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Risks and Rewards: The Business of Norwegian Shipping

In: The World’s Key Industry

Author

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  • Stig Tenold

Abstract

Due to the volatility of freight rates and vessel values, shipping is generally considered an industry in which the risks of doing business are substantial.1 One reflection of this riskiness is the fact that fortunes can be made, and lost, extremely quickly in the shipping sector. This chapter discusses how shipowners in Norway, which for more than a century has been one of the world’s leading maritime nations, have dealt with the question of business risk in a historical perspective.

Suggested Citation

  • Stig Tenold, 2012. "Risks and Rewards: The Business of Norwegian Shipping," Palgrave Macmillan Books, in: Gelina Harlaftis & Stig Tenold & Jesús M. Valdaliso (ed.), The World’s Key Industry, chapter 13, pages 220-234, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-00375-1_13
    DOI: 10.1057/9781137003751_13
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